When you’re injured in an accident, insurance adjusters may present a quick settlement offer, but accepting it can be a costly mistake. Here’s why you should never settle for the first offer:
- Initial Offers are Often Lowball Offers
Insurance companies aim to minimize payouts. Their first offer may seem generous, but it’s often a fraction of what you’re entitled to, especially when considering future medical expenses or long-term impacts of the injury. The first settlement typically reflects the insurer’s goal to resolve the claim quickly and cheaply, rather than a fair compensation.
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